CAC 40 Slides On Inflation Concerns

RTTNews | 725 days ago
CAC 40 Slides On Inflation Concerns

(RTTNews) - French stocks traded lower on Friday after an upside revision to September inflation. According to final figures from the INSEE statistics body, the inflation figure, on an EU-harmonized basis, has been revised up to 5.7 percent from the preliminary figure of 5.6 percent.

Spanish annual inflation also stood higher for a third consecutive month at 3.5 percent, raising pressure on the European Central Bank to keep interest rates at an elevated time for some time.

The benchmark CAC 40 was down 24 points, or 0.3 percent, at 7,080 after losing 0.4 percent the previous day.

Real estate company Unibail-Rodamco-Westfield was moving lower after it received a binding offer from real estate company Frey for Polygone Riviera for a net disposal price of 272.3 million euros. The price is at a 4 percent discount to last unaffected book value.

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European Economic News Preview: German Factory Orders Data Due

European Economic News Preview: German Factory Orders Data Due

Factory orders from Germany and house prices from the UK are the top economic news due on Tuesday. At 2.00 am ET, Germany's Federal Statistical Office, Destatis, will release factory orders data for August. Orders are forecast to grow 1.2 percent on a monthly basis, in contrast to the 2.9 percent decrease in July.
RTTNews | 35 minutes ago
European Shares Seen Mixed At Open

European Shares Seen Mixed At Open

European stocks are seen opening on a mixed note Tuesday as the ongoing U.S. government shutdown and a political crisis in France injected more uncertainty.
RTTNews | 52 minutes ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, also adding to the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 9,000 mark, with weakness in financial and technology stocks as well as a mixed performance across other sectors.
RTTNews | 3h 8min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, with mainland China, Hong Kong and South Korean markets closed for holidays. Traders have reinforced bets on an additional rate cut by the U.S. Fed this October amid the ongoing government shutdown in the U.S. Asian markets closed mostly lower on Monday.
RTTNews | 3h 25min ago
Sensex, Nifty Seen Opening On Flat Note

Sensex, Nifty Seen Opening On Flat Note

Indian shares look set to open on a sluggish note on Tuesday, with rising oil prices, continued capital outflows and concerns over U.S. trade policies likely to trigger some profit taking after big gains in the previous session.
RTTNews | 3h 49min ago
Soft Start Seen For Thai Stock Market

Soft Start Seen For Thai Stock Market

The Thai stock market on Monday snapped the three-day winning streak in which it had climbed almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,285-point plateau and it may tick lower again on Tuesday.
RTTNews | 4h 55min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 48,150 level, with gains in automaker stocks and a mixed performance across most other sectors.
RTTNews | 5h 8min ago